Crypto Sees $619M Inflows During Iran Crisis As Bitcoin Wins, XRP Loses

Digital asset investment products recorded $619 million in inflows last week despite the Iran crisis, with Bitcoin (CRYPTO: BTC) dominating at $521 million while XRP (CRYPTO: XRP) bled $30.3 million in outflows.

The Weekly Flow Pattern

Early optimism was evident with inflows of $1.44 billion during the first three days of the week, according to Coinshares Research Blog. 

However, sentiment weakened later with outflows of $829 million on Thursday and Friday, despite payroll figures coming in significantly weaker than expected.

The rise in oil prices offset any potential decline in inflation that might otherwise have resulted from weak payroll data. Ultimately, the $619 million net inflow …

Full story available on Benzinga.com